I couldn't save enough money for a down payment on my first real estate investment. 

Working with someone who has done it before can save you a lot of money in the long runI have some some good deals in that market on new construction.Best of luck.

For a hard money loan, you have to close in an entity, it also helps with your credit being the mortgage is not under your name, with a 700+ credit we can usually get you 80% LTV on a purchase.

The owner is making money so the PM should also make money.

It also appears Investor's Edge may have rebranded from their old company name "Do Hard Money".Propstream screenshot:"Investor's Edge/Dohardmoney" screenshot: if its a reboot of Do Hard Money one would want to read all the threads on that Utah based company.

Fortunately, we didn't lose money on this property but just broke even.

During this time you are not generating any return from the money invested in the ADU.

We put back most of the money back into our business, as the cost of living for me is covered by the student rentals.

Are you able to close the transaction (have enough money (and/or credit) ?

I’ve read Kiyosaki’s books, too, and they completely shifted the way I think about money and investing—such a game changer.